Personal loan news, Oct - Dec 2005

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Women seeing increase in loan and card debt

14 November 2005

Ill-advised choices of personal loans and credit cards are catapulting large numbers of young women into debt, according to a survey by finance expert ClearDebt.

Northern Rock offers new personal loan service

09 November 2005

Northern Rock is next in the line of companies offering a competitive new loan rate ahead of the Christmas spending rush, having announced a new unsecured personal loan deal today.

Loans battle heats up with Sainsbury's discount

08 November 2005

Sainsbury's Bank has weighed into the race to create the most competitive personal loan rate by slashing its internet APR ahead of the festive period.

Tesco announces slashed personal loan rates

07 November 2005

Tesco has announced that it will be cutting interest rates on its most popular band of personal loan – providing a heartening boost to those seeking to take up such a service ahead of Christmas.

Housing loans provider launches new product

02 November 2005

John Charcol, the mortgage provider, has launched a new lifetime-tracker housing loan that can be taken out online.

Personal loan insurance charges slammed

31 October 2005

Banks' personal loan insurance charges have been criticised in a broadside by the British Insurance Brokers' Association (Biba).

Home credit may be costly, commission states

27 October 2005

Home credit - which sees repayments on personal loans collected from a customer's place of residence - comes at a price, the Competition Commission has said.

Mortgages laid bare for uninformed customers

26 October 2005

Customers looking to take out housing loans have been given a tonic today with the launch of a new information-providing mortgage website.

Home repossessions to rise again

24 October 2005

Debts incurred by personal loans could be a reason for the worrying rise in the number of home repossessions reported in the second quarter of this year, with the picture likely to look worse when the next set of results is announced this week.

First time buyers hint at housing upturn

21 October 2005

Increasing numbers of first-time buyers are taking out loans to fund a foray into the housing market, new figures suggest.

Famous faces fail to tell full loan story

20 October 2005

Celebrities appearing on adverts for personal loans may be luring customers into financial trouble, an article has claimed.

Rate cut is not around the corner, minutes suggest

19 October 2005

Personal loan customers suffered a setback today with the news that the Bank of England's Monetary Policy Committee (MPC) did not even discuss the possibility of cutting interest rates as their meeting earlier in the month.

Point of sale credit could cost £5,300

18 October 2005

£5,300 could be saved by avoiding credit from retailers

Haggle to reduce loan amounts on new cars

17 October 2005

Car buyers are losing millions of pounds each year by failing to shop around and haggle for the best deal, a new survey suggests.

Sainsbury's embraces festive spirit

13 October 2005

An online bank has announced a drastic cut in interest rates for new accounts – but only until November 8th.

Don't count on lower rates, consumers told

12 October 2005

Personal loan customers were offered few guarantees of better interest rates today, with the Bank of England dousing expectations that next month might see another rate cut announcement.

Loans not enough for younger homebuyers

11 October 2005

Younger homebuyers are experiencing difficulties in the personal loan and mortgage market, with the unfavourable ratio of mortgage costs to income levels dictating that people under 40 are often being priced out of the market.

Internet bank adds mortgages to loan range

10 October 2005

A leading internet and telephone bank has begun to unveil its first mortgage range, adding to its selection of personal loans already available.

No rate cut for loans customers

06 October 2005

Bank of England keeps rates unchanged

Loans customers being misled by advertising

05 October 2005

Loans customers are being misled by advertisements in regional newspapers and magazines, the Office of Fair Trading (OFT) has found.



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